The Amex EveryDay Credit Card from American Express Just Added an Exciting Balance Transfer Offer

Sometimes, change can be a good thing, especially when it comes to a credit card getting new or updated features that make it an even more attractive offer to consider. The Amex EveryDay Credit Card from American Express (a NextAdvisor advertiser) has just been updated with some dazzling new features that make it a powerhouse balance transfer credit card, including a 15-month 0% intro APR opportunity and a $0 balance transfer fee, that also earns solid, ongoing rewards. Keep reading to learn more about the details of this card’s updated features plus get a refresher on what’s staying the same so you can decide if it’s the right card for you.

This card is a balance transfer seeker’s new best friend

Those who are on the hunt for the perfect credit card to transfer a balance will be happy to note that the Amex EveryDay Credit Card now sports an attractive 15-month 0% intro APR on balance transfers requested in the first 60 days of account opening (then it’s 14.74% to 25.74% variable) as well as a $0 balance transfer fee for transfers made within the same 60-day period. You’ll also get a 15-month 0% intro APR on purchases (then it’s 14.74% to 25.74% variable). The 0% intro APR period has been extended from its previous 12 months, and we shouldn’t have to spell out for you why the $0 intro balance transfer fee is a huge deal, as it can allow you to transfer your balance for free! Note that the balance transfer must be requested in the first 60 days for you to get the 0% intro APR and pay no balance transfer fee. On top of these phenomenal new features, the perks that have made Amex EveryDay Credit Card a great pick for a rewards credit card will remain.

Come for the balance transfer, stay for the rewards

Sometimes, a balance transfer credit card is just a means to an end — a credit card you use to consolidate your debt and escape high interest payments on other cards, but don’t have much use for the card when the balance is paid down. The Amex EveryDay Credit Card, on the other hand, is one that will get plenty of exercise outside your wallet for years to come. For starters, you don’t have an annual fee to worry about, and you can earn American Express Membership Rewards points when you use it for purchases. These can be redeemed for a whole host of great rewards, like travel, entertainment, dining, merchandise and online shopping, as well as transferred to participating travel reward programs or used to pay off eligible charges on your monthly statement.

Points are earned at a rate of 2 points per $1 on up to $6,000/year at U.S. supermarkets and 1 point per $1 on everything else. Plus, you can earn 20% more points each billing period by making 20 or more purchases with your card — something that’s pretty easy to do if you use it as your primary card. On top of that, there is a special intro bonus offer of 10,000 Membership Rewards points that you can earn after you spend up to $1,000 on purchases with your card within the first 3 months of opening your account. The value of the bonus varies depending on how you redeem it, but when redeemed for travel through American Express Travel, which gives you the most value, it’s worth $100! Note that if you take this card with you on travels outside the U.S., you will have to pay foreign transaction fees of 2.7%, which means this isn’t the best card for overseas travel.

How does it compare to other balance transfer credit cards?

The big question on your mind right now is probably whether or not the Amex EveryDay Credit Card has any competition. Currently, the card there are no other cards on the market that offer all three perks — a long 0% intro APR, no balance transfer fee and ongoing rewards — making Amex EveryDay Credit Card the best option for that combination. It’s important to know that the Amex EveryDay Credit Card requires good to excellent credit for approval, which means people with credit scores below 700 will may want to consider other options.

Fortunately, the Discover it Balance Transfer card is an attractive alternative for those with average credit (typically considered to be credit scores of 670 or higher), offering that winning combo of a lengthy 18-month 0% intro APR on balance transfers with the opportunity to earn ongoing rewards in the form of 5% cash back in rotating categories every quarter its activated and 1% cash back on everything else. You will have to pay a balance transfer fee with this card (3% of the total amount transferred), but the 0% intro APR period is longer, which could be worth it if you want more time to pay down your balance before the interest-free period ends.

Is the Amex EveryDay Credit Card right for you?

If you’re looking for a balance transfer card that makes sense to keep in your wallet long after the 0% intro APR expires, the Amex EveryDay Credit Card is perfect for you. It’s one of the only cards we’ve seen that combines a long 0% intro APR and $0 balance transfer fee with generous ongoing rewards.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.

I applied thru the link on this page for Amex EveryDay Credit Card from American Express. With in mins I was approved. I waited for the card to arrive before I made the request for the balance transfer.
After I submitted the request I realized that I was being charged a transfer fee. I Immediately called American express to ask what the deal was. I was told that I did not apply for the “Amex EveryDay Credit Card” from American Express, but rather I applied for the American express blue cash card… WHAT? That can’t be I applied thu the NextAdviser link. American express said we can’t help…. No NO you don’t understand I got a card I didn’t apply for. American express said no sir you applied for the American express blue cash card. No I didn’t how could I, I went thru a link that specifically pointed to the Amex EveryDay Credit Card from American Express. American express said we are so sorry but, if you’d like we can transfer you to the department that will take your application for the Amex EveryDay Credit Card from American Express.
So now I’m hosed because even if I re-applied for the Amex EveryDay Credit Card from American Express and approved I could transfer the balance (that I requested on the what I thought was the correct card) because you cannot transfer balances from one AMEX card to another.
After 1.5 hours of trying to explain to 7 different customer service people, 2 credit application people and one balance transfer person, I gave up and decided amex doesn’t deserve my business.
Either you link is pointing to the wrong card of AMEX is using a bait and switch.

My credit score is 766, it was 820, I have two credit cards ,one with bank of America and one with discover, total of the two is 5000. I can pay these off pretty quickly or get your card which would give me a longer pay off date. they are at zero percent apr til march 2019 what do you suggest?

Hi, Jerry. If you are paying interest on one or both of your existing card balances, it would save you money in the long run to transfer those balances to The Amex EveryDay Credit Card from American Express. This is especially true considering transfers made in the first 60 days won’t be charged a balance transfer fee.

Hello, PJ. No, this card does not charge monthly fees for owning the card (nor does it have an annual fee). However, it’s important to note that certain actions like late or missed payments may result in a fee, which would be added to your monthly billing statement.

Hi, Richard. As we state in the article, “The value of the bonus varies depending on how you redeem it, but when redeemed for travel through American Express Travel, which gives you the most value, it’s worth $100!” If you redeem your points for something else, like cash or gift cards, it might be worth less.

A balance transfer fee is a one-time fee that is charged as part of a balance transfer. It’s something that the bank or card issuer charges to recoup the costs of transferring money. Most balance transfer fees range between 3% – 5% of the total amount you’re transferring. That’s why a card like Amex EveryDay Credit Card from American Express is such a great deal, since it allows you to transfer a balance within the first 60 days without paying a balance transfer fee. That saves you even more money than you would transferring to a card with 0% intro APR on balance transfers that did charge a balance transfer fee.

Hi, Doreene, great question. Any remaining balance from your transfer that is left when the 0% intro APR ends will begin to accrue interest. You won’t be charged “back interest” on the full amount you transferred, but if you want to avoid paying any interest whatsoever, you’d want to make sure to pay off the total amount transferred within the 15-month time period.

Hello, Bruce, and thank you for your question. When applying for this or any other credit card, your credit limit will be determined based on your creditworthiness and other information provided during your application. Unfortunately, you won’t know what your limit will be before you apply. If you aren’t happy with the credit limit you’re given when you are approved, you have a few options, which I wrote about in this blog post on what to do if you aren’t approved for a credit limit high enough to cover the debt you wish to transfer: https://www.nextadvisor.com/blog/2016/09/28/balance-transfer-credit-card-limit-isnt-high-enough/

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About Author

Jocelyn Baird

Jocelyn is a NextAdvisor.com writer with a love for coffee, reading and all things personal security. She currently covers identity theft, credit monitoring and credit cards. She has been a guest on several radio shows nationwide and her cybersecurity and personal finance expertise have been featured by Forbes, USA Today, Kiplinger's Personal Finance, The Huffington Post and more. She is a graduate of Syracuse University with a dual degree in Writing and Rhetorical Studies and Anthropology. Follow her on Twitter @JocelynAdvisor.

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